

The news today was little or none at all. CNBC did not cover the Redbook report at all. It wasn't good, which might explain why they didn't. They also reported on many occasions how the 2 year bond auction went so well. Big friken deal - it's two year auction. Let's see how the 5 year goes tomorrow, or the ones on the longer end of the curve. With the dollar down, oil and commodity stocks went up. If that wouldn't have happened, the market would probably been down significantly again. Cisco earning after the close appear to be good, which might rally the NASDAQ tomorrow, if the housing data doesn't rain on that parade. Important info at 8:30 tomorrow will be Durable Goods report, and then New Home Sales at 10:00AM.
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